Despite these reforms, salary loan providers were still the option that is only to the majority of low earnings families, who have been considered bad credit dangers.

Despite these reforms, salary loan providers were still the option that is only to the majority of low earnings families, who have been considered bad credit dangers.

After considering both the procedural and substantive components of unconscionability, *1376 I conclude that enforcing the arbitration clause included in the agreements plus the arbitration contract resistant to the payday customers would result in an unjust outcome. Consequently, the arbitration contract arising from the contract that will require the parties to arbitrate is unconscionable and stricken through the agreement as invalid. Defendants’ motion to remain and compel arbitration is REJECTED.

For the reasons that are forgoing Defendants’ movement to remain and compel arbitration is REJECTED.

Before this Court is Defendants’ motion for reconsideration of the Court’s Order dated 25, 2003 (Doc november. Leia mais